Elecon Engineering falls below 200-day SMA

Elecon Engineering fell 4.72% on 1 October 2026 and closed below its 200-day SMA. The stock now faces resistance at ₹460 and ₹500, with ₹400 and ₹352 as key support levels. Elecon Engineering Company Limited [

] fell 4.72% on 1 October 2026, closing at ₹440, below its 200-day SMA of ₹455.66. The price action shows a sharp decline from the recent trading range, with the stock closing below its long-term moving average. The session opened at ₹463 and touched a high of ₹465 before declining to an intraday low of ₹436. The immediate resistance is now around ₹460, while ₹500 remains the major resistance level. A move back above ₹460 would be the first indication of recovery, while a sustained move above ₹500 would be needed to reclaim the broader resistance zone. On the downside, ₹400 is the key near-term support to watch. A break below ₹400 could bring the stock closer to its major support at ₹352, which is also the 52-week low. For now, the close below the 200-day SMA puts the ₹400 support zone in focus. Price action around ₹460 and ₹400 will be important for the next directional move. Disclaimer: Investments in securities are subject to market risk. This is for informational purposes only. Investors must verify information before investing and consider their financial position & risk profile.